📊 $GLMR

/USDT Technical Analysis | November 26, 2024

Current Price: $0.2556 (-5.09%)

24h High: $0.2714 | 24h Low: $0.2399

Volume: 21.07M GLMR / 5.44M USDT

Key Insights & Levels to Watch:

1. Bollinger Bands (BOLL):

Upper Band: $0.2559

Middle Band: $0.2494

Lower Band: $0.2430

The price is hovering near the middle band, signaling potential consolidation or a breakout direction soon.

2. Support & Resistance:

Strong Support: $0.2390

Immediate Resistance: $0.2616

Major Resistance: $0.2730

3. Moving Averages (MA):

MA(5): $157,801.6

MA(10): $211,506.0

The downward slope suggests bearish momentum in the short term.

Targets:

1. Target 1 - $0.2616:

If the price breaks the immediate resistance, we may see an upward push to $0.2616. Traders should watch the volume closely for confirmation.

2. Target 2 - $0.2730:

This is the next key level of resistance. A breakout above this level could signal the start of a stronger upward trend.

3. Target 3 - $0.2430:

On the downside, if the price breaks below $0.2430, it could test the Bollinger lower band, indicating further bearish sentiment.

Strategy:

Short-term Traders: Consider scalping within the $0.2494-$0.2616 range.

Swing Traders: Look for confirmation of either a breakout above $0.2730 or a breakdown below $0.2430.

Risk Management: Use stop-loss at $0.2390 to mitigate downside risks.

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